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flag Developing nations' debt payments surged $74 billion in 2024, with two-thirds at risk of debt distress, a UN report finds.

flag A new UN report reveals developing countries' debt service payments rose by $74 billion in 2024, totaling $921 billion. flag Two-thirds of low-income countries are in or at risk of debt distress. flag The report, "Confronting the Debt Crisis: 11 Actions to Unlock Sustainable Financing," outlines actions to provide debt relief and prevent future crises, aiming to support low-income nations and reform the financial system.

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